HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Oh, no, I was laughing at the people who were JUST getting around to selling/shorting BATM3 on Friday when it was at 415 or so.
Shorting it Friday/Saturday of LAST week, when first numbers started rolling in on its OW was the smart thing to do. Even waiting until Sunday's big adjust down to 434 to short wasn't too bad. But the people who were shorting on Friday and Saturday of THIS weekend are getting my ridicule. Because either they had been holding long or sitting out while BATM3 continued to drop in price during the week and were just getting in on the short train, thus losing out on 20 points of downward action after the adjust, or they had flipped from short to long for some reason, and then had to flip short again when they realised it wasn't going to meet the 415 price it was hovering around.
I can understand if people got out of short holdings of BATM3 because they needed to free up money to play elsewhere, which would then account for the handful of times this week when BATM3 was actually trading in the green; those people took their money and ran because there are better places for people with small ports to put their money while BATM3 rides its 4 week clock out. But for people to just now be getting into a short position, when there's maybe only 3 or 4 percentage points of gain to be made by delist in 2 weeks? Especially if these were people who got out of short positions earlier in the week, or flip flopped?
Is it mean of me to laugh at the people who are selling/shorting BATM3 now? Oh the commission/losses must hurt. {nm} Jul 27, 18:14
I had it shorted before halt...additional $6M profit so far....but I don't mind you laughing. :) Jul 28, 07:54
Um.... Jul 29, 20:08
Oh, no, I was laughing at the people who were JUST getting around to selling/shorting BATM3 on Friday when it was at 415 or so. Jul 29, 20:24